Can I retire at age 70 with 1,140,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$94,140$93,302$92,483$91,685$90,905$90,144
2 years$46,604$45,736$44,895$44,079$43,288$42,521
3 years$30,761$29,889$29,050$28,242$27,464$26,714
4 years$22,841$21,972$21,141$20,347$19,587$18,861
5 years$18,090$17,226$16,406$15,628$14,890$14,189
6 years$14,924$14,066$13,259$12,498$11,782$11,108
7 years$12,663$11,813$11,018$10,275$9,582$8,935
8 years$10,968$10,126$9,344$8,620$7,949$7,329
9 years$9,651$8,816$8,048$7,342$6,694$6,101
10 years$8,597$7,771$7,017$6,329$5,704$5,137
11 years$7,736$6,918$6,177$5,508$4,906$4,364
12 years$7,019$6,209$5,482$4,831$4,251$3,735
13 years$6,413$5,612$4,898$4,265$3,707$3,216
14 years$5,893$5,101$4,401$3,786$3,250$2,783
15 years$5,444$4,660$3,973$3,377$2,861$2,418
16 years$5,051$4,275$3,602$3,023$2,529$2,108
17 years$4,704$3,937$3,278$2,717$2,242$1,844
18 years$4,397$3,638$2,992$2,448$1,994$1,617
19 years$4,122$3,372$2,739$2,212$1,777$1,421
20 years$3,874$3,133$2,514$2,004$1,587$1,251
21 years$3,651$2,918$2,313$1,818$1,420$1,103
22 years$3,448$2,724$2,131$1,653$1,273$974
23 years$3,264$2,548$1,968$1,506$1,143$862
24 years$3,094$2,387$1,820$1,373$1,027$763
25 years$2,939$2,240$1,686$1,254$924$676
26 years$2,796$2,106$1,563$1,147$833$600
27 years$2,664$1,982$1,452$1,050$751$532
28 years$2,541$1,867$1,350$962$677$473
29 years$2,427$1,762$1,256$882$612$420
30 years$2,321$1,664$1,170$809$553$374
31 years$2,221$1,573$1,091$743$500$332
32 years$2,129$1,488$1,018$683$452$296
33 years$2,042$1,409$950$628$409$263
34 years$1,960$1,336$888$578$370$234
35 years$1,883$1,267$830$532$335$209
36 years$1,811$1,202$776$490$304$186
37 years$1,742$1,142$727$451$275$166
38 years$1,678$1,085$681$416$250$148
39 years$1,616$1,032$638$384$226$132
40 years$1,559$982$598$354$205$118
41 years$1,504$935$560$327$186$105
42 years$1,451$890$526$301$169$93
43 years$1,402$848$493$278$153$83
44 years$1,354$808$463$257$139$74
45 years$1,309$771$435$237$126$66
46 years$1,267$735$408$219$115$59
47 years$1,226$702$384$202$104$53
48 years$1,186$670$360$187$95$47
49 years$1,149$640$339$173$86$42
50 years$1,113$611$319$160$78$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,140,000, adding $3,195 every year, while hoping to spend $50,168 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 28/46/26 Blend
69$1,140,000$1,140,000$1,140,000$1,140,000
70$1,259,576$1,199,156$1,181,486$1,284,575
71$1,334,674$1,204,536$1,167,687$1,310,026
72$1,415,751$1,208,498$1,151,745$1,332,771
73$1,503,363$1,210,921$1,133,534$1,356,184
74$1,598,123$1,211,673$1,112,924$1,380,355
75$1,700,703$1,210,616$1,089,779$1,405,388
76$1,811,843$1,207,604$1,063,954$1,431,403
77$1,932,355$1,202,481$1,035,301$1,458,534
78$2,063,135$1,195,082$1,003,663$1,486,937
79$2,205,165$1,185,231$968,876$1,516,785
80$2,359,527$1,172,743$930,768$1,548,278
81$2,527,411$1,157,419$889,161$1,581,639
82$2,710,126$1,139,052$843,868$1,617,121
83$2,909,114$1,117,420$794,692$1,655,010
84$3,125,958$1,092,289$741,429$1,695,626
85$3,362,405$1,063,410$683,866$1,739,331
86$3,620,373$1,030,520$621,778$1,786,531
87$3,901,976$993,341$554,933$1,837,681
88$4,209,542$951,578$483,087$1,893,290
89$4,545,630$904,921$405,986$1,953,932
90$4,913,061$853,039$323,363$2,020,245
91$5,314,939$795,583$234,941$2,092,946
92$5,754,682$732,186$140,431$2,172,832
93$6,236,053$662,457$39,529$2,260,797
94$6,763,198$585,985$0$2,357,835
95$7,340,681$502,334$0$2,483,964
96$7,973,527$411,045$0$2,634,445
97$8,667,272$311,632$0$2,799,773
98$9,428,013$203,582$0$2,981,583
99$10,262,466$86,352$0$3,181,682
100$11,178,026$0$0$3,402,077